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Pin to quick picksRolls-Royce Share News (RR.)

Share Price Information for Rolls-Royce (RR.)

London Stock Exchange
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Share Price: 418.10
Bid: 416.80
Ask: 417.00
Change: 11.60 (2.85%)
Spread: 0.20 (0.048%)
Open: 412.20
High: 418.10
Low: 408.50
Prev. Close: 406.50
RR. Live PriceLast checked at -

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UPDATE 1-Emirates president says he does not expect to take any Boeing 777x in 2020

Mon, 14th Oct 2019 08:01

(Adds details, context, quote)

By Alexander Cornwell

DUBAI, Oct 14 (Reuters) - Emirates doubts it will receive
any of the 115 Boeing 777-9s it has ordered next year,
its president said on Monday, as the U.S. planemaker grapples
with challenges in building the jet.

Emirates, a launch customer of the world's biggest twin
engined jet, was to receive its first 777-9 in 2020 but the
manufacturer has suspended load testing of the plane.

"... By the end of next year we were to have eight of them.
Now it doesn't look like we will have any," Tim Clark said at a
conference in Dubai.

Boeing suspended load testing of the new widebody in
September when media reports said a cargo door failed a ground
stress test. There have also been issues with General Electric
Co’s new GE9X turbine engine that will power the jet.

Boeing has said it expects to hold the initial flight test
in 2020 and is aiming for the 777X to enter commercial service
in the same year.

Clark said he had told Boeing he insists on a 13 to 16 month
test period for the new jet.

Emirates ordered 150 777X jets, including 777-8 variants, in
2013. It later placed a preliminary order for 40 Boeing 787
Dreamliner jets in 2017, which Clark said he still saw a place
for in the airline's fleet plans.

Boeing has also been unable to deliver any of its 737 MAX
aircraft since the single-aisle plane was grounded worldwide in
March after two fatal crashes in Indonesia and Ethiopia killed
346 people.

Clark said in September Emirates would not take new Airbus
and Boeing planes unless they were truly ready, and
said that engine makers Rolls Royce and GE must improve
their reliability.

Aircraft manufacturers should not over promise on new
aircraft capability, he said on Monday.

Emirates has also signed deals for 40 Airbus A330-900s and
30 A350-900s.
(Reporting by Alexander Cornwall; Editing by Toby Chopra)

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*

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